SAN JOSE, CA -- (Marketwired) -- 05/27/14 -- Cypress Semiconductor Corp. (NASDAQ: CY) today announced a new strategic partnership with IDEX ASA to develop fingerprint recognition solutions. Under the terms of the agreement, Cypress will offer its customers fingerprint solutions based on IDEX's award-winning fingerprint imaging and recognition technology, alongside Cypress's industry-leading portfolio of TrueTouch® touchscreen controllers, CapSense® touch-sensing controllers and trackpad solutions. The combination will streamline the design of personal security and sleek user interfaces for smartphones, tablets, wearables, identity cards and a host of Internet of Things applications.

Security is becoming a must-have for Internet-connected devices that carry users' most important personal information. IDEX has developed unique fingerprint sensor technology that enables the controller to be separated from the capacitive sensing area, resulting in the most compact silicon combined with a flexible form factor sensor. The patented fingerprint-sensing IP from IDEX will enable Cypress to offer high-performance fingerprint security solutions optimized for integration into mobile devices. Cypress will work with IDEX's existing qualified sensor partners to provide customers with fast time to market and superior performance.

"With the robust fingerprint recognition IP from IDEX, and with the support and broad adoption of our extensive capacitive touch-sensing product portfolio, our new fingerprint solutions will address a broad range of mobile and Internet-connected product platforms for our customers," said Hassane El-Khoury, Executive Vice President of the Programmable Solutions Division at Cypress. "We envision a very strong product roadmap that will meet the rapidly growing demand for personal security."

"We are excited to work with Cypress to develop next-generation fingerprint-sensing products that will leverage their touch technology leadership and strong position in the mobile market with IDEX advanced fingerprint sensing technology," said Hemant Mardia, CEO of IDEX. "The quickly emerging market for wearables and the Internet of Things will also represent a significant additional opportunity for our new solutions."

Touch LeadershipCypress's touch-sensing portfolio is the industry's broadest and most well-adopted, encompassing TrueTouch, CapSense® and trackpad solutions. The company's IP portfolio is unmatched, including true single-layer sensor solutions for dramatically reduced touchscreen costs and self and mutual capacitance sensing on the same chip that enables advanced features such as waterproofing, proximity sensing, support for 2-mm stylus and hover.

About TrueTouchCypress's TrueTouch technology provides the industry's best noise immunity, highest SNR, fastest refresh rates, lowest power consumption, and world's best accuracy and linearity. The flexible TrueTouch solution allows customers to rapidly develop leading-edge solutions without having to buy turnkey modules. They have a choice of using touch sensors (glass or film) and LCDs from preferred partners, and can develop innovative mechanical designs ranging from flat to curved surfaces of varying thickness. In addition, TrueTouch devices offer robust noise immunity with patented capacitive sensing technology that enables flawless operation in noisy RF and LCD environments. Additional TrueTouch information is available at touch.cypress.com.

About CapSenseCypress has shipped more than one billion CapSense touch-sensing controllers, which have replaced over five billion mechanical buttons in mobile handsets, laptops, consumer electronics, white goods, automotive applications, and virtually any system that has a mechanical button or switch, making Cypress the touch-sensing leader. The CapSense portfolio, the industry's broadest and most integrated, enhances industrial design and reliability with the most noise-immune and water-tolerant capacitive touch-sensing interfaces. CapSense also offers proximity sensing where direct touch is not required, which can provide power savings by activating an interface only when needed while further enhancing industrial designs by only exposing interfaces when necessary. Learn more about CapSense at www.cypress.com/go/capsense.

About IDEX IDEX ASA specializes in fingerprint imaging and recognition technology. IDEX's vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger® technology platform based on the Company's core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.

IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idex.no or contact IDEX at [email protected].

Chip Design is a subset of electrical engineering, encompassing the particular logic and circuit design techniques required to design integrated circuits, or ICs. ICs consist of miniaturized electronic components built into an electrical network on a monolithic semiconductor substrate by photolithography.

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